Reliance Industries said it was not aware of any inquiry into the funds received by entities connected to it or its promoters from Singapore-based Biometrix Marketing. It also said, as far as it was aware, that the Income Tax Appellate Tribunal “was…
Adani Ports and Special Economic Zone said it signed a long term agreement with Indian Oil Corporation (IOC) to provide Liquefied Natural Gas (LNG) regasification services on a use-or-pay basis at its upcoming LNG import terminal at Dhamra in Odisha. As per…
Government-controlled infrastructure equipment maker Bharat Heavy Electricals Limited (BHEL) said it has been awarded a Rs 137 cr renovation and modernisation order for a pollution control system at NTPC Ltd’s Ramagundam Super Thermal Power Station. The order is for the modernization of the…
Construction major Larsen & Toubro said its Hydrocarbon Engineering unit, along with its partner, won an order to supply three Gas Production Deck Modules from Saudi Aramco, one of the world’s largest oil companies. “This is the fourth award for the consortium…
Heavy equipment maker Bharat Heavy Electricals Limited said it won a Rs 4,400 cr order from the UP state electricity generation company to set up a 660 MW thermal power plant near Kanpur. The order has been placed on BHEL by Uttar…
Two weeks after it announced a deal to supply forgings for six indigenous nuclear plants being set up by the Nuclear Power Corporation of India, construction major Larsen & Toubro reported yet another order related to same plants. This time, L&T’s order…
Industrial equipment maker Bharat Heavy Electricals Ltd said it won its biggest ever solar power plant contract to set up a 75 megawatt farm in Gujarat. The order from Gujarat Industries Power Company Limited (GIPCL) was won against “stiff competitive bidding,” the…
Power generation company JSW Energy Ltd said it has appointed auto industry veteran Sergio Luiz Pegoraro Rocha of Brazil to head its upcoming electric vehicle unit. In his previous stint, he was President, CEO and Chairman of GM Korea (General Motors, Korea),…
Around 82.5% of the landowners at the site of the upcoming Jaitapur Nuclear Power Plant in Maharashtra have agreed to receive compensation under the project, the ministry of atomic energy said today. Out of 2,236 people whose land needs to be acquired…
Tata Power, which supplies power to much of Mumbai, is offering a 50% subsidy to its customers who want to buy a BLDC or ultra-low power fan. Instead of Rs 3,500 per unit, customers will be able to get four units of…
Suzlon Group, one of pioneers in India’s wind energy sector, said it has won construction orders for two wind energy farms in Kutch region of Gujarat, totaling 500 MW of capacity. Suzlon will execute both the projects on a turnkey basis and…
Yes Bank said it will lend Rs 750 cr to Mahindra Renewables Pvt. Ltd., part of the Mahindra Group, for constructing a 250 megawatt solar farm in the solar park at Rewa in Madhya Pradesh. The project has raised another Rs 200…
Suzlon Energy, one of the pioneers of wind power in India, said it has finished commissioning its entire solar order book of 340 megawatt, and will focus on hybrid solar-wind projects going forward. Out of the 340 MW erected, 210 MW was…
Construction major Larsen & Toubro reported new orders worth more than ₹1600 cr from the hydrocarbon segment. The Onshore Projects business of the company’s hydrocarbon unit secured a contract for the design, supply, and construction of a large LNG Tank facility in…
NTPC Ltd, India’s largest power producer, said it is raising $400 mln (Rs 2,600 cr) by selling dollar-denominated bonds that carry a 4.5% interest. The bonds were priced yesterday and the issue is now open, the company said. The notes will mature…
State-owned oil marketing companies, Indian Oil, Hindustan Petroleum and Bharat Petroleum, are open to buying the land on which their retail outlets are located to offset rising real estate prices, oil minister Dharmendra Pradhan said. Pradhan was responding to a concern about…
Larsen & Toubro, India’s largest construction company, and BHEL, India’s largest supplier of power plant equipment, are among those tapped by the Nuclear Power Corporation for the rollout of the first large-scale nuclear power plants developed using Indian technology. While L&T said…
More than six years after an agreement was signed, US-based Cheniere Energy has started supplying liquefied natural gas or LNG to India. The first ship, Meridian Spirit, set sail from Louisiana and will reach Dabhol in Maharashtra by around 28 March, said…
ONGC said the government of Mozambique has approved the field development plan for a gas field in ‘Area 1’, one of the largest gas blocks in East Africa. ONGC owns 16% of the block, while 4% of the block is owned by…
Reliance Infrastructure, the construction and infrastructure arm of the Anil Ambani Group, said it got permission from the ministry of coal to increase its coal mining by about 6%. Sasan Power Project “has received permission from the ministry of coal, government of…
